What are Pink Slip Loans?
Pink Slip Loans are loans where your car is used as collateral to secure the loan. These are also known as Car Title Loans, Title Loans, Auto Title Loans and Auto Pawn Loans. How much can I borrow? Loans are anywhere from $500 to over $25,000 depending on the value of the car and the lenders policies. Loans are typically granted up to half the value of your car. How much does my car have to be worth to get a title loan? Depends on the lender. Some like to see a minimum value of $4,000. How long does it take to get my money? Most lenders can give you your money the same day. In fact many lenders can give you money in under an hour. You have the choice of either getting your money as a check or have it transferred to your checking account. How do I qualify? Usually the lender will require the following: • Proof of residency • You must have clear title to the car • You need to have a regular source of income. This can be either form your job or retirement or disability payments. Can I app
